MD_DA104 Butter/Butteroil - Europe Report 9 - Released on February 27, 2020 Western European packaged butter demand is steady. Demand in coming weeks is expected to increase, based on seasonal experience in recent years. Buyers seeking bulk butter for current delivery have become more active in closing deals. Moving forward, buying demand is less intense as more buyers are adopting a wait and see attitude. With generally good early 2020 milk production strength, there is more confidence that enough cream will be available for churning so as to mitigate the need to expedite contracting to be assured of supplies. Export interest is strong as EU butter pricing is competitive globally. Western Europe, 82% Butterfat, Free on Board - Port Butter Price Range - $/MT: 3,775 - 3,975 Western Europe, 99% Butterfat, Free on Board - Port Butteroil Price Range - $/MT: 4,850 - 4,975 Information for the period February 17 - 28, 2020, issued biweekly Secondary Sourced Information: EU butter production for calendar year 2019 increased 2.6 percent according to CLAL data provided to USDA. EU butter exports January – December 2019, 180,197 MT, increased 41 percent from 2018, according to Eurostat. Among top destinations, exports increased to the USA 21 percent, to United Arab Emirates 154 percent, and to China 38 percent. Published by: Dairy Market News - Madison, WI Eric Graf, 608.422.8590 Email: Eric.Graf@usda.gov Additional Dairy Market News Information: Dairy Market News (DMN) by Phone: (608)422-8602 DMN Website: https://www.ams.usda.gov/market-news/dairy DMN MARS (My Market News): https://mymarketnews.ams.usda.gov